Ways To Donate a Legacy Gift

Bequests and Planned Giving

Individuals who want to support the Phoenix Dream Center but who are not in a position to contribute a major gift today can, nonetheless, participate in the Major Gifts Program through a bequest or planned gift. Sometimes called a deferred gift, these vehicles express a commitment to contribute at a future date.

Bequests

The most common form of planned gift is a bequest. Simply list the Phoenix Dream Center as a beneficiary in your will for a fixed amount of money or a percentage of your estate. Sample bequest language:

“ I GIVE, DEVISE AND BEQUEATH to the Phoenix Dream Center, having its principal office at 3210 NW Grand Avenue, Phoenix, AZ 85017, the sum of $__________ [and/or _____ shares of the capital stock of _____ corporation and/or the following described property___________ and/or ______% of my residuary estate] for its general purposes. ”

Charitable Remainder Trust

The most common type of charitable trust is a Charitable Remainder Trust. A CRT provides the donor or designated beneficiaries with a stream of income for the donor's lifetime or a term of years. After the trust terminates, the accumulated principal, or "remainder," goes to the Phoenix Dream Center. The trust itself is tax-exempt, so appreciated assets, such as stock, can be put in the trust and sold without incurring capital gains tax. An immediate income tax deduction is received on a substantial portion of the value of the trust.

A Charitable Remainder Unitrust pays an annual percentage rate of return, so the payout will vary depending on the principal in the trust at the end of each year. A Charitable Remainder Annuity trust pays a fixed annual amount regardless of the principal in the trust.

Charitable Lead Trust

A Charitable Lead Trust allows one to make a gift to the Phoenix Dream Center that ultimately benefits family and heirs with little or no tax penalty. The Charitable Lead Trust pays income to the  Phoenix Dream Center over a designated number of years. At the end of the term, the remaining principal, including appreciation, passes to the trust's designated heirs. Because the Charitable Lead Trust generates substantial estate tax savings, heirs receive a greater inheritance than if the assets are given or bequeathed directly.

Life Insurance

Individuals owning life insurance policies that are no longer needed and are fully paid can designate the Phoenix Dream Center to be the beneficiary of the policy.

For more information about leaving a Legacy Gift contact Kathie Gadberry, Chief Development Officer at 602.346.8778 or kgadberry@phxdreamcenter.org